The anti-corrosion coating market is projected to register a CAGR of
4.5% between 2014 and 2019 to reach $26,583 million.

The anti-corrosion coating market is witnessing a steady growth from
2014 to 2019 on account of technological advancements, emerging
applications and increasing demand from power generation, automotive and
infrastructure sectors. Anti-corrosion coating is used in various
end-use industries such as marine, oil & gas, power generation,
industrial (repair & maintenance), infrastructure and automotive &
transportation among others such as water treatment and food & beverages.

Asia-Pacific is the largest market which also offers the highest growth
over the next five years. The growth is on account of the developing
industries in the region that have attracted the focus of major market
players. Europe ranks second in terms of market size which is followed
by North America. New and better products by suppliers, and high
requirements from end-use industries are expected to create new
opportunities in the anti-corrosion coating market.

The major players in anti-corrosion coating markets are PPG Industries
(U.S.) , Akzo Nobel (The Netherlands), Sherwin-Williams (U.S.), Jotun
Coatings (Norway), Axalta Coatings (U.S.), BASF (Germany) and COSCO
Kansai Paints (Japan). The anti-corrosion coating market also has a high
presence of small local manufacturers that cater to smaller parts of the
end-use industries.

The competition in this market is high; the companies compete on the
basis of product quality, price and technology. New product development
is the preferred strategy adopted by the major players. With new
products, companies can widen or even generate new markets for
anti-corrosion coating.

The anti- corrosion coating market will be shifting from solvent-borne
coatings to water-borne coating in light of the VOC emission
regulations. The regulations will dampen the growth for solvent-borne
coatings while accelerate the growth of water-borne coatings.

Epoxy based anti-corrosion coating accounts for a major share of the
market due to its good properties and compatibility with other types of
coating resins. Acrylic anti-corrosion coating is estimated to have the
highest CAGR from 2014 to 2019.